BNP Paribas : Market focus on risks is a Buy opportunity
>Conclusion – Headroom vs rise of risks - BNP Paribas is the only bank to provide 2020 earnings forecasts as of the Q1 2020 results publication. According to BNP Paribas’ baseline scenario, 2020 earnings will likely reflect a 15% contraction vs the 2019 level to € 6.9bn. On a pessimistic scenario, the decline would reach 20% to € 6.5bn. The lion’s share of the difference between the two scenarios stems from the cost of risk. The pre-Q1 consensus was forecasting € 5.4b...BNP Paribas is engaged in the provision of banking and financial services. Co.'s business activities are divided into two segments: Retail Banking & Services and Corporate and Investment Banking. The Retail Banking and Services business includes domestic markets and international financial services. The Corporate and Institutional Banking comprises of corporate banking, global markets, and securities services. Other activities include principal investments, which related to Co.'s central treasury function, some costs related to crossbusiness projects, the residential mortgage lending business of personal finance, and certain investments.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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